Word: menkes
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...Railroads," says Louis W. Menk, "are a growth industry." As chairman of Burlington Northern Inc., the nation's biggest railroad, he might be guilty of some slight bias, but his opinion is widely shared in financial circles. The oil shortage has made coal critically important as an alternative energy source, and most coal moves by rail. Shippers of other goods are beginning to realize that freight trains consume only about one-fourth as much energy per ton-mile as trucks do. And the Nixon Administration's newly proposed Transportation Improvement Act would protect railroads from discriminatory local taxation...
...railroad better illustrates both the potential and the problems of cashing in on it than Menk's Burlington Northern. It was formed four years ago by the merger of two Minnesota-based railroads, the Northern Pacific and the Great Northern, and two smaller lines they controlled jointly. The company's distinctive green cars now run over more than 25,000 miles of track from Chicago to Vancouver, British Columbia...
...rules. There were 1,400 intercity passenger trains in 1958; now there are only 488. Every road in the U.S. is out to emulate the half a dozen carriers, from the Boston and Maine to the Frisco, that have succeeded in eliminating passenger business entirely. President Louis W. Menk of Northern Pacific might have been speaking for the industry in November when he told a House committee: "I make no mistake about it. I want...
...expanded freight facilities in Spokane and Seattle. As projected, the management lineup-which could stand some streamlining-would have Great Northern President John M. Budd as chairman and chief executive of the new company, Burlington President William J. Quinn as vice chairman, and Northern Pacific President Louis W. Menk as president...
...Menk ordered the Burlington's railroad police to forget about chasing hobos, concentrate instead on reducing freight damage; monthly damage claims have since dropped...